Terra Nova Asset Management LLC Has $3.45 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

Terra Nova Asset Management LLC cut its position in Lam Research Co. (NASDAQ:LRCX) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,410 shares of the semiconductor company’s stock after selling 119 shares during the quarter. Lam Research accounts for about 3.0% of Terra Nova Asset Management LLC’s holdings, making the stock its 5th biggest holding. Terra Nova Asset Management LLC’s holdings in Lam Research were worth $3,454,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC bought a new position in Lam Research in the fourth quarter valued at about $30,000. Bollard Group LLC raised its position in shares of Lam Research by 60.0% during the second quarter. Bollard Group LLC now owns 40 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 15 shares during the last quarter. Orion Capital Management LLC bought a new position in shares of Lam Research during the third quarter worth about $25,000. BluePath Capital Management LLC bought a new position in shares of Lam Research during the third quarter worth about $28,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in Lam Research during the second quarter worth approximately $29,000. 84.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Timothy Archer sold 10,524 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $732.00, for a total value of $7,703,568.00. Following the sale, the chief executive officer now owns 86,449 shares in the company, valued at approximately $63,280,668. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Timothy Archer sold 10,524 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $732.00, for a total value of $7,703,568.00. Following the transaction, the chief executive officer now directly owns 86,449 shares in the company, valued at approximately $63,280,668. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Christina Corrreia sold 647 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $768.75, for a total value of $497,381.25. Following the completion of the transaction, the chief accounting officer now owns 5,492 shares in the company, valued at $4,221,975. The disclosure for this sale can be found here. Insiders have sold 19,895 shares of company stock worth $15,666,586 in the last 90 days. Insiders own 0.32% of the company’s stock.

Lam Research Trading Up 0.6 %

LRCX opened at $971.57 on Friday. The business has a 50 day simple moving average of $907.49 and a two-hundred day simple moving average of $762.59. The firm has a market capitalization of $127.37 billion, a price-to-earnings ratio of 37.57, a PEG ratio of 3.44 and a beta of 1.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.06 and a quick ratio of 2.02. Lam Research Co. has a one year low of $480.45 and a one year high of $1,007.39.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.06 by $0.46. Lam Research had a return on equity of 44.47% and a net margin of 24.15%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the company earned $10.71 EPS. The business’s revenue was down 28.8% compared to the same quarter last year. Analysts predict that Lam Research Co. will post 28.88 EPS for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $8.00 annualized dividend and a dividend yield of 0.82%. Lam Research’s payout ratio is currently 30.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $900.00 price objective on shares of Lam Research in a research note on Monday, March 4th. Raymond James lifted their price target on Lam Research from $850.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. The Goldman Sachs Group boosted their target price on Lam Research from $700.00 to $912.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Morgan Stanley lowered Lam Research from an “overweight” rating to an “equal weight” rating and set a $720.00 target price on the stock. in a research note on Friday, December 8th. Finally, Deutsche Bank Aktiengesellschaft lowered Lam Research from a “buy” rating to a “hold” rating and boosted their price objective for the company from $680.00 to $725.00 in a research note on Tuesday, December 12th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average price target of $811.68.

Lam Research Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.